Loan Modification in Washington, DC
Are you unemployed or has your salary decreased in recent years? Is your home worth less than the value of your mortgage? Are you locked into a high interest rate? If you're struggling to make your mortgage payments and don't qualify to refinance your loan, you may be eligible for a mortgage modification. A Washington, DC, loan modification attorney can review your situation and help you modify your loan.
Washington, DC, Loan Modification Basics
Even if you can't refinance your mortgage, you may be able to lower your monthly mortgage payments with a loan modification. When a bank modifies a loan, it's agreeing to:
- Lower the interest rate, or
- Forgive some of the principal that you owe, or
- Extend the length of the loan
Your Washington, DC, mortgage modification attorney can tell you if you're a good candidate for a loan modification, or if there's a better solution for your specific situation. In some cases, homeowners may be better off filing for personal bankruptcy, selling the home through a short sale or allowing the home to go into foreclosure.
Find & Hire a Washington, DC, Loan Modification Lawyer
If you need help locating a Washington, DC, mortgage modification lawyer, Attorneys.com can help you. Call us at 877-913-7222 or complete the form on this page to use our free service, which will quickly match you with Washington, DC, loan modification attorneys.